Card Inc (MILL Pond)

“The organization has contracted with peabody properties, inc. To manage the rental property. Peabody properties, inc. Oversees daily operations of the building, daily maintenance, residents needs and programs.”

“The form 990 will be reviewed by the president prior to filing. The form 990 will be distributed to the full board prior to its filing with the irs.”

“The organization has a written conflict of interest policy and the following are the procedures when potential conflict of interest arises. Prior to action on a transaction involving a conflict of interest, a corporate member or director having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. A director who plans not to attend a meeting at which he or she has reason to believe that the board or committee will act on a matter in which the person has a conflict of interest shall disclose to the chair of the meeting and the disclosure shall be reflected in the minutes of the meeting. A person who has a conflict of interest shall not participate in or be permitted to hear the board's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. A person who has a conflict of interest with respect to a transaction that will be voted on at a meeting shall not be counted in determining the presence of a quorum for purposes of the vote. The person having a conflict of interest may not vote on the transaction and shall not be present in the meeting room when the vote is taken.”

“The organization will make governing documents, conflict of interest policy, and financial statements available for public inspection upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 is available via guidestar and on the massachusetts attorney general's website.”

“Salaries and payroll reported on the financial statements are allocations of costs incurred by the management company for the time that their employees perform various direct office and maintenance functions for the organization. These costs include salary and payroll related benefits and are reported as salaries in conformity with regulatory reporting required by the us department of housing and urban development. Total compensation for allocated salaries, payroll and benefit costs are as follows: salaries: $168,374 payroll and benefit costs: $24,120”